Price Reduced 21.92%


Price History

$4,995,000
6/1/2025

$4,100,000
8/28/2025

$3,900,000
10/14/2025


1 & 9 Franklin Terrace, South Portland, ME, 04106

1 & 9 Franklin Terrace, South Portland, ME, 04106

14 rooms

7 beds

4 Full / 1 Half baths

1990

Bungalow

4,300 sqft

An exceptional and increasingly rare offering in South Portland's coveted Willard Beach neighborhood — now presenting potential for a 12+-unit condominium development (subject to approvals), or an extraordinary multi-generational family compound directly on the beach. Set on a premier waterfront site with sweeping views of Spring Point Ledge Lighthouse, Casco Bay, and the islands, this unique property includes two residences positioned to capture the beauty and energy of Maine's coastline from multiple perspectives. The larger home, recently remodeled, offers four to five bedrooms and expansive living spaces designed to maximize ocean views and natural light. Wake to sunrises over Casco Bay, watch working boats pass through the harbor, and experience true waterfront living from nearly every vantage point. The second residence enjoys its own distinct outlook across the ocean, creating flexibility for guest accommodations, rental income, or extended family living. If utilized as a private compound, there is also potential for an additional buildable lot located in front of the smaller residence, creating the rare opportunity for three separate living spaces — the primary home, guest residence, and an additional homesite (subject to approvals). Broker Owned


Status:

Active

Type:

Single-family residential

Laundry Remarks:

Washer Hookup

Zoning:

A

Garage:

2-car

Heating:

Wood Stove, Radiant, Hot Water, Heat Pump, Baseboard

Cooling:

Wall/Window Unit(s), Heat Pump

Basement:

Interior, Other, Sump Pump, Unfinished

Parking:

Heated, Auto Door Opener, 1 - 4 Spaces, 5 - 10 Spaces, Other, Paved, On Site, Inside Entrance

Acreage:

0.55

Est. Taxes:

$36,796

Construction

Vinyl Siding, Other, Composition, Wood Frame

Lot Description:

Well Landscaped, Level, Near Public Beach, Near Shopping, Near Town, Neighborhood, Irrigation System

View Description:

Scenic

Amenities:

In-Law Apartment, Walk-in Closets, 1st Floor Bedroom, Attic, Bathtub, One-Floor Living, Pantry, Shower, Storage, Primary Bedroom w/Bath

Waterfront:

Yes

Appliances:

Tankless Water Heater, Washer, Refrigerator, Microwave, Gas Range, Electric Range, Dryer, Disposal, Dishwasher

MLS #:

1624824


Community Info

School Info


Listing courtesy of F.O. Bailey Real Estate